Large-Cap on WebNotes

How to select a large-cap mutual fund

Tue, 19 May 2026 00:00:00 +0000

Large-cap fund selection balances cost, consistency, and the structural challenge of active alpha in the largest-cap space. Index funds are increasingly competitive; the case for active large-cap rests on downside protection.

Conflict-of-interest disclosure. This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC or platform. No affiliate commission is earned.

Market-risk disclaimer. Mutual fund investments are subject to market risks. Past performance is not indicative of future returns. Large-cap funds can drawdown 30-40% in bear markets.

AUM size classification of mutual funds in India

Tue, 12 May 2026 00:00:00 +0000

AUM size classification in Indian mutual funds refers to the categorisation of equity mutual fund schemes based on the market capitalisation range of the stocks they are mandated to invest in, as defined by SEBI’s October 2017 scheme categorisation circular. The terms “large-cap,” “mid-cap,” and “small-cap” refer to the capitalisation of the portfolio’s underlying securities, not the fund’s own assets under management.

The AUM-based classification of fund schemes (by their own AUM size) is a separate concept, used for TER slab determination and industry concentration analysis.

BSE 100 TRI (Total Returns Index)

Tue, 12 May 2026 00:00:00 +0000

The BSE 100 Total Returns Index (BSE 100 TRI) is the dividend-reinvested variant of the BSE 100 index, a free-float market capitalisation-weighted index of the 100 largest and most liquid companies listed on the Bombay Stock Exchange (BSE) . Published by BSE Limited, India’s oldest stock exchange, the BSE 100 TRI provides a broader large-cap benchmark than the NIFTY 50 TRI , extending coverage from 50 to 100 companies while retaining a large-cap orientation. It is widely used as the primary benchmark for SEBI-categorised large-cap equity mutual fund schemes that prefer the BSE family of indices, as well as for large-and-midcap funds seeking a broader top-tier universe.

NIFTY 50 TRI (Total Returns Index)

Tue, 12 May 2026 00:00:00 +0000

The NIFTY 50 Total Returns Index (NIFTY 50 TRI) is the dividend-reinvested variant of the NIFTY 50 index, India’s flagship large-cap equity benchmark. Unlike the price return index (PRI), which tracks only capital appreciation, the TRI assumes that all cash dividends paid by constituent companies are immediately reinvested into the index portfolio on the ex-dividend date. The result is a higher index level over time, providing a more complete measure of the wealth created by holding an index-replicating portfolio. Administered by NSE Indices Limited, a wholly owned subsidiary of the National Stock Exchange of India (NSE) , the NIFTY 50 TRI has become the mandatory benchmark for evaluating large-cap equity mutual fund schemes in India following a SEBI circular issued in 2018.